Pearson (PSON) share price rises as it posts a “good start” to the yearLondon-listed publisher Pearson posted a one per cent rise in first-quarter revenues today, in a “good start” to 2018. Total underlying revenues rose one per cent, as sales in North America rose three per cent and turnover in core markets, which… May 04 18May 04, 2018Article at City AM
London salary growth is topping the national average – but Glasgow, Brighton are among the cities with faster growthSalaries across London grew at a faster rate than in the nation as a whole last month, but wage growth in the capital was not nearly as high as some other areas of the UK. Fresh research from job site CV-Library found advertised salaries grew two per… May 04 18May 04, 2018Article at City AM
Savannah Resources (SAV) share price charges higher on upgrade to its European lithium mineShares in Savannah Resources have jumped more than 10 per cent this morning after the company revealed an upgrade in the amount of lithium that can be extracted from a mine it says could become a key player in Europe’s shift to electric vehicles. The… May 02 18May 02, 2018Article at City AM
Blockchain energy trading: British Gas owner Centrica to explore blockchain tech with a new UK trialCentrica has become the latest energy firm to dip its toes into blockchain technology as it announced a new trial today that will explore how a distributed ledger system can be used to help consumers save on energy. The firm, which owns British Gas,… Apr 30 18April 30, 2018Article at City AM
Brent crude and West Texas Intermediate (WTI) oil prices drop from recent highs despite concerns over Iran sanctionsOil prices have dropped off recent highs this morning following a strong April rally as the US revealed a rising rig count last week, signalling increasing production. Benchmark Brent crude was down 1.03 per cent to $73.87 (£53.65) a barrel while US… Apr 30 18April 30, 2018Article at City AM
Apprenticeship starts drop by nearly a quarter as levy criticised as “unfit for purpose”One year on since its introduction, the apprenticeship levy is facing intense criticism after the latest government figures show there has been a 24 per cent drop in new apprenticeship starts. In the six months to January 2018, 206,100 people started… Apr 19 18April 19, 2018Article at City AM
Aluminium price and nickel price continue to surge on Russia sanction fearsMetals markets have rallied today as pressure from US sanctions on Russia and rising oil prices boost commodities to multi-year highs. Aluminium giant Rusal continues to feel the heat from sanctions issued earlier this month to target Russian… Apr 19 18April 19, 2018Article at City AM
Low-carbon UK: Britain just went more than two days without coal – a new recordThe UK has just gone a record amount of time without using coal to generate electricity. National Grid confirmed Britain operated without coal for more than two days, or just under 55 hours, between 10.25pm on Monday to 5.20am this morning. The… Apr 19 18April 19, 2018Article at City AM
Energy: European wind power investment sailed to €51bn in 2017Last year, a total of €51.2bn (£44.3bn) was invested into wind energy across Europe, up nine per cent from the previous year due to a surge in project and company acquisitions. Wind power represented the largest investment opportunity in the energy… Apr 17 18April 17, 2018Article at City AM
UK bitcoin mining firm Bladetec heads to China to woo investorsA large UK-based cryptocurrency mining company is heading to China in hopes of wooing new investors. Bladetec, which is building a huge mining farm across three locations in the south east of the UK, is targeting potential investors in Shenzhen,… Apr 16 18April 16, 2018Article at City AM
AngloGold Ashanti’s boss is stepping down to lead FTSE 250 miner Vedanta ResourcesThe boss of South African gold miner AngloGold Ashanti has stepped down to head up FTSE 250 firm Vedanta Resources. Srinivasan Venkatakrishnan (Venkat), who has led the world’s top emerging markets gold producer since 2013, will succeed Vedanta’s… Apr 16 18April 16, 2018Article at City AM
Blockchain energy trading: London startup Verv has performed the UK’s first energy trade on the blockchainA London-based machine learning startup has completed the UK’s first physical trade of energy on the blockchain. Verv uses artificial intelligence (AI) to allow customers with renewable energy supplies and battery storage to sell surplus power… Apr 13 18April 13, 2018Article at City AM
Yahoo Japan picks up a minority stake in cryptocurrency exchange BitARGYahoo Japan has snapped up a stake in a cryptocurrency exchange, signalling further support of the controversial digital assets from the country’s financial services sector. The firm bought a 40 per cent stake in BitARG Exchange Tokyo for an… Apr 13 18April 13, 2018Article at City AM
Donald Trump says the US will only rejoin the Trans Pacific Partnership (TPP) if terms are “substantially better”Donald Trump late last night said he will only rejoin the Trans Pacific Partnership (TPP) if it offered “substantially better” terms than those offered to former President Barack Obama. Trump ditched the TPP, a multinational trade pact between 11… Apr 13 18April 13, 2018Article at City AM
Playtech is snapping up Italian gaming firm Snaitech after buying an €846m stakeGambling software firm Playtech revealed a plan to buy Italian betting and gaming company Snaitech this morning after it bought a 71 per cent stake for €846m (£737m) this morning. Upon completion of the stake sale, which is expected in the third… Apr 12 18April 12, 2018Article at City AM
The Russian rouble (RUB) is falling further as pressures mount over US sanctions and SyriaThe Russian rouble fell for a third day today as the fallout from new US sanctions continued to heap pressure on Russian companies and markets. After dropping around eight per cent since the start of the week, the rouble shed nearly a further three… Apr 11 18April 11, 2018Article at City AM
Saudi Aramco and Indian group to build $44bn mega refinery and petrochemicals complexSaudi Arabia’s state oil giant has signed an agreement with Indian consortium Ratnagiri Refinery and Petrochemicals to develop a $44bn (£31bn) mega refinery in India. Saudi Aramco signed a memorandum of understanding today to jointly develop and… Apr 11 18April 11, 2018Article at City AM
Double t-rouble: Russian currency hammered as markets reel from souring relations with West over Skripal poisoning and Syria chemical attackThe Russian rouble took another dive yesterday to hit its lowest point in over a year after a fresh round of US sanctions on individuals close to Russian President Vladimir Putin rattled markets. The rouble fell nearly four per cent against the US… Apr 10 18April 10, 2018Article at City AM
Brent crude and West Texas Intermediate (WTI) oil prices jump as geopolitical concerns easeCrude oil prices are bounding higher this morning, extending yesterday’s steep gains, as geopolitical tensions ease. Global markets were trading in positive territory today after China’s President Xi Jinping vowed to continue opening the Chinese… Apr 10 18April 10, 2018Article at City AM
Glencore boss Ivan Glasenberg resigns from Rusal’s board amid Russia sanctionsThe chief executive of commodities giant Glencore has stepped down from the board of sanctions-hit aluminium producer Rusal. Ivan Glasenberg resigned from his position as a director of the world’s top aluminium producer after its share price halved… Apr 10 18April 10, 2018Article at City AM
